Bitcoin (BTC) Market Awaits the US Federal Reserve (Fed) Decision on Interest Rates

Bitcoin (BTC) traders are currently refraining from making significant moves, awaiting the latest decision from the United States Federal Reserve (Fed) on interest rates.

Jakarta, Pintu News – The latest decision from the United States Federal Reserve (Fed) on interest rates is eagerly awaited by Bitcoin (BTC) traders, as it is predicted to provide important clues for the direction of Bitcoin’s (BTC) next move.

This anticipation stems from the high sensitivity of the cryptocurrency market to the Fed’s actions, which could ultimately determine whether traders will continue buying or begin selling.

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The Effect of Interest Rate Decision on Bitcoin

Ahead of the Fed’s interest rate announcement, the cryptocurrency market seems to be in a highly sensitive state. Analysts believe that the statement the Fed Chairman will make could be key for Bitcoin (BTC) traders to determine their next strategy.

Bitcoin (BTC) currently trades at $83,680, but the key liquidity zone is between $85,000 and $87,000. Bitcoin’s (BTC) reaction to this zone will largely determine investors’ and traders’ market sentiment and actions.

With uncertain market conditions, many see this as an opportunity to buy. As such, if the current trend continues, analysts predict that Bitcoin (BTC) could reach $126,000 by next June.

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Last week, Bitcoin (BTC) fell below the crucial $80,000 support level, hitting its lowest point since November 2024 at $76,600.

Although Bitcoin’s (BTC) price has recovered and is back above $80,000, selling pressure remains as buyers struggle to push the price back up.

The initial target for Bitcoin (BTC) bulls is to break the 0.236 daily Fibonacci resistance at $84,396. If successful, this could break Bitcoin (BTC) out of the daily downtrend and trigger a larger price increase.

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In this volatile market situation, traders’ and investors’ strategies are crucial. They are advised to closely monitor price movements in key zones and follow developments related to the Fed’s interest rate policy.

The decision to buy or sell should be based on in-depth analysis and understanding of how various external factors, such as interest rate policy, can affect the cryptocurrency market.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.